Case 14-3 Coconut Telegraph Background on Coconut Telegraph Coconut Telegraph Corporation (Coconut) is a developer and provider of specialized customer billings and management software and systems. On February 1‚ 2012‚ Coconut had an arrangement with Buffet Worldwide Inc. (Buffet) to deliver the Volcano System and provide one year of post contract customer support (PCS). The PCS will start March 1‚ 2012. At the time of the arrangement‚ February 1‚ 2012‚ Buffet paid $12‚000 for the Volcano System
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Case 14-3 Coconut Telegraph Coconut Telegraph Corporation (Coconut) is a developer and provider of specialized customer billings and management software and systems. Coconut’s flagship product‚ the Volcano System‚ is a customer billings and management system consisting of integrated hardware (user interfaces and consoles) and related software. Coconut has never sold‚ nor does it offer to sell‚ the Volcano System without the software since the software is necessary for the Volcano System to function
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Hoang Thi Thanh Ha - 13200154 Case 14-3 Coconut Telegraph 1. Is Coconut’s February 1‚ 2012‚ arrangement with Buffett within the scope of ASC 985-605? ASC 985 -605 Software — Revenue Recognition “provides guidance on when revenue should be recognized and in what amounts for licensing‚ selling‚ leasing‚ or otherwise marketing computer software.” It defines “ Software arrangements range from those that provide a license for a single software product to those that‚ in addition to the delivery of
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use for communications? The telegraph was the answer‚ made by Samuel F. B. Morse. An invention that could transmit an electric pulse across a cable to send messages. This invention was looked poorly upon at the beginning of its time. But one man had the guts to invest in Morse’s telegraph‚ and he soon became one of the reasons the telegraph was created. The telegraph caused the telephone to be invented. Morse had wanted to be able to “talk across continents.” The telegraph was not a small device such
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triggered devastating floods and landslides. Parts of Haryana‚ Delhi and Uttar Pradesh‚ and some parts of Western Tibet also experienced heavy rainfall. As of 29 June 2013 (2013-06-29)[update]‚ more than 1‚000 people have died with many more missing.[3] Damage to bridges and roads left over 70‚000 pilgrims and tourists trapped in various places‚[4][5][6] many of whom were rescued.[7][8] As of 30 June 2013 (2013-06-30)[update]‚ about 300 - 400 people are said to be still stranded.[9] The Indian Air
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The coconut is an important crop that has a strategic value for developing countries. It contributes food‚ security‚ improved nutrition‚ employment and income generation. In many countries‚ it accounts for 15% to 50% of export earnings. The coconut has high potential for food‚ shelter‚ industrial‚ medicine and energy uses and for environmental protection. It can be grown economically in harsh environments and will promote supportable farming systems in otherwise fragile coastal‚ island and in hilly
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DEFINITION OF COCONUT The coconut tree (Cocos nucifera)‚ is a member of the family Arecaceae (palm family). It is the only accepted species in the genus Cocos.[2] The term coconut can refer to the entire coconut palm‚ the seed‚ or the fruit‚ which‚ botanically‚ is a drupe‚ not a nut. The spelling cocoanut is an archaic form of the word.[3] The term is derived from 16th-century Portuguese and Spanish coco‚ meaning "head" or "skull"‚[4] from the three indentations on the coconut shell that resemble
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land degradation. Juboken is focused mainly on production‚ whereas CocoTech is focused on execution of various bio-engineering projects and marketing (both retail and export). The company operates with subcontracting and sister companies in the coconut producing areas all around the country. CocoTech buys products from outside the Bicol region occasionally‚ but preferably buying of products from the Bicol region for reasons of quality control‚ logistics and efficiency. Through the company’s marketing
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Coconut- Tree of Life The Coconut Tree (Cocos Nucifera L.) is called "The Tree of Life" because of the endless list of products and by-products derived from its various parts. Food‚ shelter‚ fuel - name it‚ the coconut has it. The coconut industry is considered a major dollar earner that provides livelihood to one-third of the country’s population. Coconut Meat From coco meat can be obtained coco flour‚ desiccated coconut‚ coconut milk‚ coconut chips‚ candies‚ bukayo or local sweetened shredded coconut
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INTERNATIONAL PRODUCT DECISIONS. Product to be marketed internationally: COCONUT WATER with CRUSHED MALAi. INTRODUCTION: Trade is increasingly global in scope today. There are several reasons for this. One significant reason is technology—because of improved transportation and communication opportunities today‚ trade is now more practical. Thus‚ consumers and businesses now have access to the very best products from many different countries. Increasingly rapid technology lifecycles
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